[ Academia ] as a Related Elective for those interested in Economics : For those students considering an academic career involving some amount of policy work or policy studies, an understanding of the intersection between law and economics is essential. This course provides a bit more depth in this area by focusing on current research by lawyers and economists on a variety of topics in law and economics. Students with little background in economics should consider taking the Microeconomics course listed in the Outside the Law School section first.

[ Transactional ] as a Related Elective for those interested in Economics : Transactional lawyers find it useful to have a solid understanding of law and economics. This course provides a bit more depth in this area by focusing on current research by lawyers and economists on a variety of topics in law and economics. Students with little background in economics should consider taking the Microeconomics course listed in the Outside the Law School section first.

[ Regulatory & Policy ] as a Key Elective for those interested in Economics : Economic analysis is an essential component of policy studies. This course provides a bit more depth in this area by focusing on current research by lawyers and economists on a variety of topics in law and economics. Students with little background in economics should consider taking the Microeconomics course listed in the Outside the Law School section first.

General course
Description:

(Same as ECON 354). This seminar will examine current research by lawyers and economists on a variety of topics in law and economics. Several sessions of the seminar will consist of an invited speaker, usually from another university, who will discuss his or her current research. Representative of these sessions have been discussions of compensation for government regulations and takings, liability rules for controlling accidents, the definition of markets in antitrust analysis, the role of the government as a controlling shareholder, and optimal drug patent length. Students may take both Law and Economics Seminar I and Law and Economics Seminar II in any order (neither is a prerequisite for the other); however, students may not take either course more than once.

Course Style: A Substantive/ Perspective course looks at law from an external or non-traditional standpoint.